Virgil is evaluating an investment that has a 15 chance of


Virgil is evaluating an investment that has a 15% chance of losing $10,000, a 50% chance of breaking even, a 30% of making $80,000 and a 5% chance of making $400,000.  Evaluate the expected outcome of this investment

 

 

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Applied Statistics: Virgil is evaluating an investment that has a 15 chance of
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